The Bermuda Monetary Authority Careers

Description

Associate Specialist – Investments, Liabilities and Research
Supervision (Insurance, Funds and Corporate Authorisations) Department

The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as an Associate Specialist – Investments, Liabilities and Research in our Supervision (Insurance, Funds and Corporate Authorisations) Department. Reporting to the Senior Specialist, the Associate Specialist – Investments, Liabilities and Research will be responsible for developing deep analytical capability while applying that analysis in a supervisory context, supporting anticipatory supervision and proportional, informed supervisory judgement.

This is a key role for the Authority and the post-holder will be responsible for but not limited to:

Investment and Liability Analysis
• Supporting the review and analysis of insurers’ investment portfolios, including public, private, alternative, structured and complex assets
• Assisting with assessing Asset Liability Management (ALM) practices, including duration management, reinvestment risk, liquidity characteristics and matching strategies
• Supporting analysis of liability cash flow profiles and technical provisions, including how liability characteristics interact with asset strategies at a whole of balance sheet level
• Identifying and escalating potential asset–liability mismatches, structural vulnerabilities, or emerging areas of concern

Modelling and Analytical Support
• Supporting senior specialists in reviewing and assessing investment, liability, ALM, and modelling methodologies used by insurers
• Assisting in analysing modelling outputs (including SBA related projections), identifying sensitivities, limitations, and areas where assumptions require further supervisory challenge
• Carrying out structured quantitative and qualitative analysis to support supervisory conclusions, recognising that supervisory decisions often rely on judgement under uncertainty and imperfect information

Regulatory Data and Filing Analysis
• Reviewing and analysing regulatory returns, actuarial and risk reports and supervisory submissions
• Identifying trends, inconsistencies, data gaps, and early warning indicators through longitudinal review of supervisory information
• Supporting deeper understanding of firm behaviour over time, beyond point in time compliance

Research and Market Intelligence
• Conducting research on investment markets, asset classes, liability trends, and emerging risks, translating findings into concise supervisory insights
• Contributing to cross firm and macro prudential analysis, identifying common risk drivers, structural trends, and systemic considerations relevant to insurers’ balance sheet management
• Maintaining awareness of evolving market practices and regulatory developments affecting insurer investments, liabilities, and ALM

Supervisory Engagement and Collaboration
• Providing analytical input to asset approvals, on site inspections, colleges, and thematic reviews, under the direction of senior specialists and managers
• Working closely with supervisory teams, specialist colleagues, and internal stakeholders to ensure consistent and holistic treatment of prudential risks
• Supporting the preparation of technical briefing notes, working papers, and internal analysis to inform supervisory discussions

Continuous Improvement and Capability Building
• Contributing to the development and refinement of internal supervisory tools, analytical frameworks, and templates, supporting continuous improvement in supervisory practice
• Supporting the use of data analytics, modelling tools, and technology enabled approaches to enhance supervisory insight and efficiency
• Actively participating in knowledge sharing, training, and collaborative initiatives within the specialist function

This position requires a proven technical and business background, therefore, the post-holder must have:
• A master’s degree in finance, economics, actuarial science, statistic, mathematics, investments or a related quantitative discipline with progress toward a relevant professional qualification (e.g., CFA, CERA, actuarial designation or similar) or a bachelor’s degree in finance, economics, actuarial science, statistic, mathematics, investments or a related quantitative discipline together with a relevant professional qualification (e.g., CFA, CERA, an actuarial designation or similar)
• A minimum of seven (7) years relevant experience in one or more of the following areas:
   o Insurance supervision or regulation
   o Investments or investment risk management
   o ALM
   o Liability or cash-flow analysis
   o Capital or balance-sheet analysis
   o Financial modelling, risk analytics, or a related financial services role
• Experience with insurers, asset managers, consulting firms, financial institutions, or supervisory/regulatory bodies is an advantage
• Strong analytical and problem solving skills, with the ability to synthesise quantitative and qualitative information
• Ability to apply technical analysis to supervisory judgement rather than purely analytical outcomes
• Capability operating in a regulatory environment that requires proportional, risk based decision making
• Willingness to challenge assumptions respectfully, supported by evidence and sound reasoning

The Bermuda Monetary Authority is the integrated regulator of Bermuda’s financial services sector. We offer the opportunity for broad exposure to international regulatory issues, special projects and a variety of work experiences.

If you are looking for a challenging opportunity in a team environment, we invite you to submit your application online via our ‘Careers at BMA’ page on www.bma.bm/vacancies. Applications for this position must be received no later than 25 May 2026.

Bermuda Monetary Authority is an Equal Opportunity Employer

BMA House | 43 Victoria Street, Hamilton HM 12 | [email protected] | (441) 295 5278

Professionalism, Integrity, Accountability, Adaptability, Collaboration